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Mar 31, 2013
03/13
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this is anna projection of the deficit that the deficit is continued to be ongoing >> are those solutions going to be available prior to an action item to approve the upcoming special request? >> the special request will be before you in next weeks budget competent. the budget two year budget plan is anticipated to go to the commission on april 23rd so it will be released 10 days after this committee >> thank you. >> i think
this is anna projection of the deficit that the deficit is continued to be ongoing >> are those solutions going to be available prior to an action item to approve the upcoming special request? >> the special request will be before you in next weeks budget competent. the budget two year budget plan is anticipated to go to the commission on april 23rd so it will be released 10 days after this committee >> thank you. >> i think
SFGTV: San Francisco Government Television
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Mar 27, 2013
03/13
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but we still carry a deficit that was driven by labor costs. during this time we faced reductions and eliminations of programs. so to provide you with a few details for it does cost the department the one 20 and $30 million just to stay the same and those costs are due to pharmacy and medical supplies. those historical deficits prancing from 15 million has been consistently accounts for federal cuts. as we enter into health care reform and this has already started and we began that with seniors and people with disabilities. we will be paid for outcomes and performs and no longer for the number of invests. all of those are coming to a head this year and we're completing the opening of a new hospital and that's outside the bond we have to be able to pay for future and we're requesting money in the city. we need to make some different decisions and to ensure safety nets. for the last two years we have moved 10 thousand people who are dp h patients and have been transitioned into a health care plan and this would be based on performs rather than a
but we still carry a deficit that was driven by labor costs. during this time we faced reductions and eliminations of programs. so to provide you with a few details for it does cost the department the one 20 and $30 million just to stay the same and those costs are due to pharmacy and medical supplies. those historical deficits prancing from 15 million has been consistently accounts for federal cuts. as we enter into health care reform and this has already started and we began that with seniors...
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Mar 28, 2013
03/13
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it's a significant portion of that deficit. of that amount there are a few things that are really driving those enemies. again, t again, t again, the -- it will match our expenditures from year to year. and we're in the process of rebuilding san francisco general hospital on the progress side we're on track in terms of the bond project and in terms of the timeline and it demonstrates our ability to move heard. there are expenditures on the furniture and equipment and on some of the transition costs that are not bond eligible costs those need to be paid out of the general fund costs. so that's one of our challenges ahead. and then, of course, our general increases in the costs of doing business in the department. so we clearly have a lot of work to do. right now we're still in the process of working with our commission because of the size of the deficits and the challenges that we have based on our projection of our current year deficit. we've extended those discussion later into the spring that we generally do. we're going to b
it's a significant portion of that deficit. of that amount there are a few things that are really driving those enemies. again, t again, t again, the -- it will match our expenditures from year to year. and we're in the process of rebuilding san francisco general hospital on the progress side we're on track in terms of the bond project and in terms of the timeline and it demonstrates our ability to move heard. there are expenditures on the furniture and equipment and on some of the transition...
SFGTV: San Francisco Government Television
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Apr 4, 2013
04/13
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so it shows a deficit, but that revenue deficit is offset by an expenditure savings. we didn't have to make a transfer to get those revenues. so if you net that out -- i know this is convoluted -- >> chair farrell: the point being if you in netted that out then the surplus -- the expend tier deficit is greater than shown here. >> that's correct. that's correct. >> chair farrell: and then you're talking 31.2 versus 41.8 highlighted below. >> exactly. so the 45.9 million dollar number in the controller's six month report that ties to the controller's six month report are based on our projections for the six month report. we essentially base those on five months worth of actual data. and since that time, in the few months since we've been able to revise those projections down to about 31.2. the biggest causes of that change since the the six month report are on the next slide. the largest item is on salary and benefit spending. that's from a couple of things. the hospitals have both been very focused on trying to control their costs. but secondarily, we've had our -- whe
so it shows a deficit, but that revenue deficit is offset by an expenditure savings. we didn't have to make a transfer to get those revenues. so if you net that out -- i know this is convoluted -- >> chair farrell: the point being if you in netted that out then the surplus -- the expend tier deficit is greater than shown here. >> that's correct. that's correct. >> chair farrell: and then you're talking 31.2 versus 41.8 highlighted below. >> exactly. so the 45.9 million...
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May 27, 2013
05/13
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we have deficits on both sides while we, of course, work within a balanced budget we have deficits that inhibit our ability to make the economy work well, in the city. and the last i'll emphasis is the point i started with our budget for next year has been approved by you and we're not proposing any changes. the voters put together the san francisco mta to be really comprehensive integrated agency so we could coordinate the systems. the plan we adopted last year the strategic plan that was adopted by the senate mount board of supervisors included this vision and mission and for over arching goals to make sure the system is safe so no matter how you're getting around in san francisco no matter if you're on bike or on foot and we choose that to be the number one
we have deficits on both sides while we, of course, work within a balanced budget we have deficits that inhibit our ability to make the economy work well, in the city. and the last i'll emphasis is the point i started with our budget for next year has been approved by you and we're not proposing any changes. the voters put together the san francisco mta to be really comprehensive integrated agency so we could coordinate the systems. the plan we adopted last year the strategic plan that was...
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May 23, 2013
05/13
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the deficit is significantly that diminished. and part of the number one public sources the improvement in the health department pictures is significant and one of the drivers of the change for the six months o month mark. the mayor has approved a supplemental and the human savings on this side is the significant part of the savings $27 million good news vs. budget. half of that is related to a one-time associated case loads from the state. and the remaining balance is a mix of caseload savings and other programs and general salary savings for the balance. unless there's other questions from the departments i'll briefly provided a status report. further detailed in the report itself the general revise is budgeted and the mayor have approved supplementals. and we have the budget and rec and park revenues that allow the city as a whole to retain a part of the savings for the substance years each with balances. at the end of the year a portion of those balances are considered comprehend that was approved last year but beyond that th
the deficit is significantly that diminished. and part of the number one public sources the improvement in the health department pictures is significant and one of the drivers of the change for the six months o month mark. the mayor has approved a supplemental and the human savings on this side is the significant part of the savings $27 million good news vs. budget. half of that is related to a one-time associated case loads from the state. and the remaining balance is a mix of caseload savings...
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Feb 13, 2013
02/13
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we projected a $5 76 million deficit. i think it's notable, to me it's notable about this table is that this is the -- this year with $129 million shortfall is really the best budget outlook we've had since fiscal 2007 and 2008. and it's -- we have climbed out of a significant hole. the mayor in december gave instructions to departments, asking them to reduce their ongoing general fund support by 3% over the next two years. so, 1-1/2% in each year. it's important to remember that 1-1/2% is only about $19 million. so, department solutionseses will always be a part of how the city balances its budget, but it certainly will not be the only way that we balance our budget. these are just more policy oriented instructions focusing on core functions, minimizing surface impacts. one of the things we're really interested in looking at is how are departments utilizing data to find opportunities for greater efficiency and to democrat on stray the effectiveness of their programs. and then of course to engage with their stakeholders.
we projected a $5 76 million deficit. i think it's notable, to me it's notable about this table is that this is the -- this year with $129 million shortfall is really the best budget outlook we've had since fiscal 2007 and 2008. and it's -- we have climbed out of a significant hole. the mayor in december gave instructions to departments, asking them to reduce their ongoing general fund support by 3% over the next two years. so, 1-1/2% in each year. it's important to remember that 1-1/2% is only...
SFGTV2: San Francisco Government Television
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Jun 10, 2013
06/13
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doesn't mean we don't have a deficit. we still have a deficit in the budget. this year coming $123 million, and the second year in the budget covering 2014/15 has $256 million deficit. we are not out of woods. but these numbers are better than $500 million and $700 million budget deficits that we used to have a few years ago. our city is doing better. we are concerned about how to fulfill that deficit. but we are also concerned about what is happening to seniors, what is happening to youth. what is happening to families. our open space. our small businesses. our environment. we are all concerned about that as well. of course i must say about our housing auit
doesn't mean we don't have a deficit. we still have a deficit in the budget. this year coming $123 million, and the second year in the budget covering 2014/15 has $256 million deficit. we are not out of woods. but these numbers are better than $500 million and $700 million budget deficits that we used to have a few years ago. our city is doing better. we are concerned about how to fulfill that deficit. but we are also concerned about what is happening to seniors, what is happening to youth....
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Feb 14, 2013
02/13
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we will close that deficit. and, so, that deficit will be closed. it's a cumulative amount that is reducing every year and we estimate, i think, in three years that should be cleared. the open space fund will end a year with about $3 million, 3.6 within dt. and a negative 1.1 for central shops. what that means for central shops is unless they reduce their costs, that deficit then will be built into their rates to the departments for maintenance of vehicles in next fiscal year. and then finally some of the large enterprise departments, the airport operating fund has a healthy deficit of about $82 million -- excuse me, a surplus, fund balance of $82 million. mta, 57 million, port 30, and the three funds within the puc, hetch hetchy wastewater and the water operating fund are reported here. so, in summary, the local tax revenue is a primary driver of our net good condition. the five-year financial plan and the nine-month report will further inform the mayor and the board of supervisors of any changes that are anticipated. so, as ms. howard reported, ma
we will close that deficit. and, so, that deficit will be closed. it's a cumulative amount that is reducing every year and we estimate, i think, in three years that should be cleared. the open space fund will end a year with about $3 million, 3.6 within dt. and a negative 1.1 for central shops. what that means for central shops is unless they reduce their costs, that deficit then will be built into their rates to the departments for maintenance of vehicles in next fiscal year. and then finally...
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we've cut the deficit in half since i took office. the deficit is coming down faster than any time in the last 50 years. america's poised to become the number one energy producer in the world this year. this year for the first time in a very long time we're producing more oil than we're importing. so we've got a lot of good things going for us. but the uncertainty caused by just one week of this nonsense so far has caused businesses to reconsider spending and hiring. we've seen consumer confidence plunge to the lowest level since 2008. we've seen mortgages held up by thousands of home buyers who aren't sure about the economic situation out there. and all this adds to our deficit. it doesn't subtract from it. so we can't afford these manufactured crises every few months. as i've said, this one isn't even about deficits or spending or budgets. our deficits are falling at the fastest pace in 60 years. the budget that the senate passed is at republican spending levels. it's their budget. that democrats were willing to put votes on just to
we've cut the deficit in half since i took office. the deficit is coming down faster than any time in the last 50 years. america's poised to become the number one energy producer in the world this year. this year for the first time in a very long time we're producing more oil than we're importing. so we've got a lot of good things going for us. but the uncertainty caused by just one week of this nonsense so far has caused businesses to reconsider spending and hiring. we've seen consumer...
SFGTV: San Francisco Government Television
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May 2, 2013
05/13
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and so the next two years, we have are facing a deficit and kate will tell us why that deficit is there, but we begin by saying that we have got $123 million budget deficit for next fiscal year, but the second year is a little larger, about $256 million budget deficit and put it in context. as past parents of this great city, we used to have hundreds and hundreds of more deficits that have to deal with when the economy was bad. now it's recovering. and i have to thank the public, the business groups, the non-profits and everybody that has been sacrificing to help us balance this budget. because it's their sacrifices that got us through these very hard years. so it sounds like 123 and 256 are not great numbers. they are still serious deficits, but i think we have a spirit, where the parents, the legislative body and the executive branch are working closely together to make that gap closer. we have that, and i want to say, the principles that are guiding me in setting this budget, i want a sound economic budget. i want the residents and visitors in this city to feel that they have a safe
and so the next two years, we have are facing a deficit and kate will tell us why that deficit is there, but we begin by saying that we have got $123 million budget deficit for next fiscal year, but the second year is a little larger, about $256 million budget deficit and put it in context. as past parents of this great city, we used to have hundreds and hundreds of more deficits that have to deal with when the economy was bad. now it's recovering. and i have to thank the public, the business...
SFGTV: San Francisco Government Television
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Feb 19, 2013
02/13
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deficit. the revenue deficit. we had suggested that the controller provide a more broad summary of all of the reserves and the set asides when the committee goes to five members. [speaker not understood] the kind of rules and policies regarding all of these reserves. since the financial policies were in effect a couple of years ago, we really have made a tremendous amount of progress in establishing reserves that have been looked upon very favorably by the rating agencies and though more importantly we will have money available in the next downturn that will keep us on a more steady footing in terms of how much money and it will prevent big cuts and layoffs. so, i'm available to answer any additional questions and we will definitely be with you on a weekly basis and provide you with updates as they occur. >> thank you. colleagues, any further questions? thank you very much, ms. zamuda. and ms. howard, i know you spoke earlier. we asked you about the kind of impact on everything on the budget outlook. is there anyt
deficit. the revenue deficit. we had suggested that the controller provide a more broad summary of all of the reserves and the set asides when the committee goes to five members. [speaker not understood] the kind of rules and policies regarding all of these reserves. since the financial policies were in effect a couple of years ago, we really have made a tremendous amount of progress in establishing reserves that have been looked upon very favorably by the rating agencies and though more...
SFGTV: San Francisco Government Television
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May 26, 2013
05/13
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the big picture is you had a budget deficit of approximately $130 million. we have $58 million of ending balance from the last year and that's approximately $30 million in the budget year off the 1 and thirty. and when he look at the revenue mix of this $130 million we would expect that $30 million of this is go ongoing in nature. at a minnesota minimum this is going to bring that deficit down further so it's $30 million or less i know you're looking for a more high-level >> so that's my question. thank you >> okay. but as we're talking about on the revenue side you can see we've got good news for the local taxes we've seen growth in the local economy that has exceeded our exceptions unemployment has come down and the real estate market is good we're
the big picture is you had a budget deficit of approximately $130 million. we have $58 million of ending balance from the last year and that's approximately $30 million in the budget year off the 1 and thirty. and when he look at the revenue mix of this $130 million we would expect that $30 million of this is go ongoing in nature. at a minnesota minimum this is going to bring that deficit down further so it's $30 million or less i know you're looking for a more high-level >> so that's my...
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Apr 3, 2013
04/13
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that is part of the deficit. and i think there are a couple of things -- the way i think about our structural deficit is there are two issues. there's the amount that we're spending overbudget, and that's about $45 million per year, that we're spending over our budget. and then there's how much of that $45 million can we cover r revenues in excess of budget. so the 19 million that we are not receiving as we transition to managed care means that instead of us being able to cover additional portion of that revenue and perhaps use that revenue to fix it in the budget, we're here asking you for general fund. >> supervisor wiener: of that 45 -- i'm talking after this fiscal year, the ongoing structural defers, 45 million -- deficit, 45 million, how much do you anticipate needing all of that to be filled from the general fund? or are there -- i assume there are other revenues that are going to cover a portion of that. so my fundamental question is the structural deficit, where the general fund may need to step in, year
that is part of the deficit. and i think there are a couple of things -- the way i think about our structural deficit is there are two issues. there's the amount that we're spending overbudget, and that's about $45 million per year, that we're spending over our budget. and then there's how much of that $45 million can we cover r revenues in excess of budget. so the 19 million that we are not receiving as we transition to managed care means that instead of us being able to cover additional...
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Jul 4, 2013
07/13
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if we were to take the 270,000 reduction, we will start a year on the deficit spending. and whether that will be directed during the year, as the people leave when we do not hire people and there are vacancies that remains to be seen. >> okay. >> supervisor weiner? >> i don't think that they will be obligated to do a supplemental and if we think that they are going to need the salary, and we should appropriate it, because what will happen is that in the nine months out or however, they are going to come back and no one is going to remember when and it will look like they want more money and no one did a good job and it was really a board that cut that budget. it is a question if they need the money or not. >> okay, folks, supervisor breed? >> my biggest problem is i just don't understand, i just don't understand what that means. it just does not make any sense to me. and i'm looking at this report, and i have reviewed the report, and i feel like the budget analyst is saying, one thing that i do understand, and the da's office is saying something that i don't understand.
if we were to take the 270,000 reduction, we will start a year on the deficit spending. and whether that will be directed during the year, as the people leave when we do not hire people and there are vacancies that remains to be seen. >> okay. >> supervisor weiner? >> i don't think that they will be obligated to do a supplemental and if we think that they are going to need the salary, and we should appropriate it, because what will happen is that in the nine months out or...
SFGTV2: San Francisco Government Television
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Jun 5, 2013
06/13
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doesn't mean we don't have a deficit. we still have a deficit in the budget. this year coming $123 million, and the second year in the budget covering 2014/15 has $256 million deficit. we are not out of woods. but these numbers are better than $500 million and $700 million budget deficits that we used to have a few years ago. our city is doing better. we are concerned about how to fulfill that deficit. but we are also concerned about what is happening to seniors, what is happening to youth. what is happening to families. our open space. our small businesses. our environment. we are all concerned about that as well. of course i must say about our housing authority as well. so we are taking on a lot of responsibility and because we are and because we are very busy doing the work we are. sometimes we need your input to steer us in the right direction for what things you think are important. so we are open to that. and we want to hear from you tonight. enough speeches. let's get on with it. may i have a couple words from supervisor avalos and farrell. >> thank you
doesn't mean we don't have a deficit. we still have a deficit in the budget. this year coming $123 million, and the second year in the budget covering 2014/15 has $256 million deficit. we are not out of woods. but these numbers are better than $500 million and $700 million budget deficits that we used to have a few years ago. our city is doing better. we are concerned about how to fulfill that deficit. but we are also concerned about what is happening to seniors, what is happening to youth....
SFGTV: San Francisco Government Television
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Apr 5, 2013
04/13
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so it's -- the bottom line is this is a deficit. and fortunately, there are revenues that can help pay for this. but if they didn't have the deficit, those revenues would fund next year's budget. on page 4 of our report we pointed out the proposed supplemental would appropriate, as has been pointed out, $12.7 million from the state revenue loss in general fund reserves and that's shown in table 1, page 3 of our report. i know the supervisors know this but there are two additional sup premental appropriations pending before the board of supervisors, the public defender's office, 751312 and the sheriff's department 3,458.970. if the board approves it the state revenue loss reserve lch no balance and the general fund reserve will have a remaining balance of 21.3 million. on page 7 of our report, as has been discussed by the committee, fiscal year 09-10 through 12-13 the department of public health's budget for both hospitals, san francisco general and laguna honda, regarding salaries and -- and for laguna honda materials and supplies h
so it's -- the bottom line is this is a deficit. and fortunately, there are revenues that can help pay for this. but if they didn't have the deficit, those revenues would fund next year's budget. on page 4 of our report we pointed out the proposed supplemental would appropriate, as has been pointed out, $12.7 million from the state revenue loss in general fund reserves and that's shown in table 1, page 3 of our report. i know the supervisors know this but there are two additional sup premental...
SFGTV: San Francisco Government Television
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Mar 18, 2013
03/13
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or we will maybe need to absorb the deficit of the department? >> that's an excellent question, so included in that first number on the page, the 141.9 million dollars is our best projection of what that supplemental will cost the city next year, so that number includes the operating shortfall that they're experiencing this dwraoer and how that affects next year, so it's reflected here on the -- in the shortfall projection. >> so, which is why there's still -- >> 57 million dollar shortfall to start with. >> thank you. >> i think what's important to think about the health department, the department will be before you in two weeks to talk about this in more depth along with issues related to the supplemental, is that the projection that underlies this assumes very significant costs associated with opening a new san francisco general hospital, and so i think to the degree that -- i think there are a number of solutions which probably look quite similar to our citywide solution but the department of public health needs to work towards including how
or we will maybe need to absorb the deficit of the department? >> that's an excellent question, so included in that first number on the page, the 141.9 million dollars is our best projection of what that supplemental will cost the city next year, so that number includes the operating shortfall that they're experiencing this dwraoer and how that affects next year, so it's reflected here on the -- in the shortfall projection. >> so, which is why there's still -- >> 57 million...
SFGTV2: San Francisco Government Television
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Feb 9, 2013
02/13
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we do have a structural budget deficit in the city. we need to deal with the short- term balancing of the budget in a way that does not decimate basic city services that people rely on but also to address our long term structural budget deficit. that means implementing budget reforms that will smooth out the budget process so that it is not a boom-bust process. that means reforming our pension and retiree system so that they are stable and do not drain the general fund. that is a big aspect of it. another huge issue is the deferred maintenance on our infrastructure. we have a lot of infrastructure that has been deteriorating because we have not maintained properly. that includes roads, sewer systems, muni. we need to be much more diligent about maintaining our infrastructure. some of the big citywide issues that impact the district include transportation. we had more muni service and some other districts. it is not always reliable. some of the major bus lines in the district are not reliable. we have major projects like the renovation
we do have a structural budget deficit in the city. we need to deal with the short- term balancing of the budget in a way that does not decimate basic city services that people rely on but also to address our long term structural budget deficit. that means implementing budget reforms that will smooth out the budget process so that it is not a boom-bust process. that means reforming our pension and retiree system so that they are stable and do not drain the general fund. that is a big aspect of...
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May 25, 2013
05/13
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out there, we add to that, the deficit, 470 million, does not include deficit of the central subway, the projected deficit of 400 million dollars of the time the construction is done. somewhere we have to give something up. one of the things we are proposing is to eliminate the extension to north beach for the time being. it is not necessary. you have no plans to put something in there. you'll save 70 million dollars and have heard a lot of pleas appear about how that money could be better used. something has to be given up in extending the subway to that area -- it's a beautiful idea long-term, i love it but we have to have priorities here. educating our children, healthcare, the budget officer said that we have a sequestration, 8 million dollars this year, ends in september. i have been told to stop here but we do have to put constraints on how we spend to save the city. thank you. (applause) >> howard wong, native of north beach. i have not been in my alma mater's auditorium for a long time so thank you for holding this year. some great events that i saw in from this stage when i
out there, we add to that, the deficit, 470 million, does not include deficit of the central subway, the projected deficit of 400 million dollars of the time the construction is done. somewhere we have to give something up. one of the things we are proposing is to eliminate the extension to north beach for the time being. it is not necessary. you have no plans to put something in there. you'll save 70 million dollars and have heard a lot of pleas appear about how that money could be better...
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May 27, 2013
05/13
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the projected deficit we're working toward those revenue updates are part of the solution i mean, the 5 year financial plan includes a package of how to deal with the shortfall each year so the increased revenue is one of the balanced approaches to clay
the projected deficit we're working toward those revenue updates are part of the solution i mean, the 5 year financial plan includes a package of how to deal with the shortfall each year so the increased revenue is one of the balanced approaches to clay
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Mar 15, 2013
03/13
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and that difference creates our projected deficit shortfall that we're going to talk about how to close. on the revenue side, i would highlight, these are strong revenue projections and so over the next five years, 578, nearly 600 million dollars of revenue growth to the city. the growth is supported by, you know, the overall economic condition of the city including our property tax base, so housing prices, the strength of our tourism economy as well as job growth. as you might imagine, revenue projections are sensitive to the overall economic condition of the city so to the degree that the pay for the recovery is slower or federal spending cuts are more significant than what we -- than we're factoring in at the moment, those projections could change. overall, the plan assumes more conservative growth rates on revenue in the third, fourth and fifth years of the plan. one to have reasons for that is that we are now going into a pretty -- into a sustained period of economic recovery and over the last number of years, we know that we haven't been able to -- we've seen booms and busts in ou
and that difference creates our projected deficit shortfall that we're going to talk about how to close. on the revenue side, i would highlight, these are strong revenue projections and so over the next five years, 578, nearly 600 million dollars of revenue growth to the city. the growth is supported by, you know, the overall economic condition of the city including our property tax base, so housing prices, the strength of our tourism economy as well as job growth. as you might imagine, revenue...